tv Charlie Rose Bloomberg November 3, 2016 7:00pm-8:01pm EDT
♪ announcer: from our studios in new york city, this is "charlie rose." here,e: larry kudlow is cnbc contributor and informal advisor. primetime show, report." i am pleased to welcome larry kudlow back at this table. great to see you doing so well. larry: thank you, sir. charlie: where do you see the campaign now? larry: i think it is pretty
close. republican --charlie: republicans seem to be coming home, so to speak? larry: two weeks ago it looks like hillary was going to run the table and then the fbi stuff came in and her husband. the whole investigation may be redone. --this point, my best guess and you need other pollsters to do this. at the national race looks very, very close. the question is on the battleground states. i think hillary has an advantage but that may be ephemeral as this week goes on. trump is trying to broaden his wings. we will see. charlie: there is a notion, whether it has any impact at all , that there is more enthusiasm -- however you quantify this, or what the metric is, i don't know
-- for the trump campaign. larry: you've got mo. charlie: as george bush would say. larry: i think it is for two reasons. one is the fbi explosion. charlie: it doesn't seem to have necessarily changed minds. larry: i don't know that. i see some of the overnights from the campaign. it seems like republicans are coming home, independents are crossing over. trump intrending to the polls? these are polls you have seen from the trump campaign? larry: these are good pollsters doing private stuff who are friends of mine, so i take a look at it. he was narrowing before. he has gotten on message the last eight or nine or 10 days. drain the swamp of corruption.
he is talking about getting rid of obamacare, which is very unpopular. he is talking about economic growth and tax cuts. he is talking about judges. he is laying out his case in a much better fashion, much more concisely. -- he is usingt a teleprompter. i still believe that issues matter and i believe politicians who can get a good message out are going to be in pretty good shape. on the other side, because of the fbi explosion, their campaign is blaming comey, who is not on the ballot, the campaign is blaming putin who is not on the ballot. my friend james carville is blaming the kgb. yesterday, they hold out the former miss venezuela. they are really scrambling around for this. i don't know what they are going to do in the next week.
i just think mr. trump should stay on his message. care, you need an outsider. the message or the candidate? i don't always agree with .r. trump charlie: economic speech in detroit. larry: and later, new york. we worked on that. good taxt is a very cut plan. donald has said things i cannot abide by. the muslim ban? larry: i wasn't crazy about that. i thought the women stuff was that good. bush tapethis billy
wasness was a long time ago not good and i said so at the time. . agree with him on many issues not so much on trade. we have to enforce trade deals. i am a free trader. thank you for remembering. far. opinion, he goes too trade is a good thing. charlie: he is very much against nafta. larry: i think there are glitches in nafta. i think glitches can be fixed. do i support tpp? charlie: you do. larry: i will if the fine print has changed. there are too many international boards of decision-makers that i
don't like. i think trump has a point that when we make these deals, we have to make the american economy work for us first and foremost. charlie: free trade has been a cornerstone of the republican philosophy. larry: it used to be a cornerstone of the democrat philosophy. when al gore and bill clinton -- charlie: barack obama is for tpp. larry: ticky p is flawed but can be fixed. is flawed but can be fixed. reagan started with the canadian trade deal. some people are hurt. charlie: he just season as a political -- larry: i think he worries about american workers. that is what i think he does. it is a very good thing.
i agree with him on that. on the other hand, i don't want to throw the baby out with the bathwater on trade. that is a bit of an issue. i don't think trade deficits destroy our economy because we have a deficit, but if i buy from you whatever it is you are , a t-shirt or sneakers, that creates a deficit. you have my money. what are you going to do with that money? you are going to recycle that money, probably back into the u.s. economy. very bignflows are a part of trade. charlie: the classical understanding of the relationship between china and the united states is that china took our debt and use that and then we use the money to buy their products. larry: ok, we bought their -- that has been around
for 20 years-plus. they took the money and in large measure took our government bonds. and they are investing in the united states. i don't happen to be a big fan of china right now. i think they break agreements. i think they are hostile. i think they frankly often steal our property rights. i think they lie, cheat, and steal in a lot of areas. i think they are hacking odds. i think they have military ambitions. i am not their biggest fan, i just don't want to end trade. in a sense, their gdp. not per capita, by the way. they will have the largest gdp.
on a per capita basis, it is way lower. charlie: they have a bigger population. larry: we have technological advantages over china, military advantages over china. i don't want to and trade with china, but we may wish to trade deals with china. how well do you know donald trump? intimate witht trump, i am known in 20 something years. i have had great interviews with him on tv, radio. charlie: and you advised him on economics? question, i asked the do you have a proximity that allows you to make a judgment about him? larry: yes, and i intend to vote for him. charlie: beyond the message, what is it about him that appeals to you as a potential commander in chief and president?
larry: i think he has great .otential to be a strong leader i hoping we have seen that in recent years. do i know the future? i do not. i think it is a good time to be an outsider. i think he has good points and i amkes them in ways that not him. i think breaking some bigs in washington. i think those were strong points, the nucleus of his campaign, and i hope he finishes on the campaign like he has been. i want . .eagan was new blood he brought young guys like me into the government. we had no experience in washington dc and a lot was
assume some of the arguments he is making about how he wants to cut corporate income tax, how his economic tax proposals are different from hillary clinton. what does he believe about entitlements? and what does he believe about the national government supporting science, supporting space exploration, supporting all the things that have enabled is?ica to be the country it larry: you are talking about a guy who is an entrepreneur. he understands change in the also understands growth. reagan, growthd solves a lot of problems. it may not solve every problem, but if you are looking for resources, we need growth. charlie: that is the essential question about the american economy. larry: we need to grow at 4% or
5%. when's the last time we did? the 1980's and 1990's, then the 60's. jfk was the first supply-side tax cutter. lower marginal rates. you and i have talked about those for many years. he wanted full employment and growth and he got it. the the model went awry in 1970's. we started raising taxes, destroying the dollar. reagan came back, partially sold by jack camp, the late jack camp . why don't we just go back to the late jfk reductions that worked? we had the cap are off bill. thean became a believer in incentive model. if you keep more of what you
work, -- reagan realized he was making a fair about money in hollywood and paying a tax rate of 70% plus. larry: 91%. charlie: therefore, there is no incentive to work. when he left and went in with general electric, they had ways and means to avoid all those high taxes, and that was one of the problems. it is very interesting. it was his republican treasury kennedyy that convinced that we should not only lower the tax rates which were outrageous, but we need to get rid of the loopholes that the well to do could take to avoid paying taxes. new business startups could not avoid them. rates -- myify the
point in this book is a simple point. charlie: isn't that a democratic argument as well? larry: not recently. charlie: simpson bowles. the fundamental foundation of what they were arguing. larry: i will go back to the 1980's. charlie: but eliminate the loopholes. larry: i will go back earlier, 1986 was the quintessential reform bill. reagan, bill bradley, did gephardt, many others. a bipartisan bill. lower the rates, get rid of the loopholes. he emulated kennedy and it worked. charlie: obviously he didn't get rid of a lot of loopholes because donald trump takes great pride that he used the loopholes. larry: working on this thing, i was in one of the budget
meetings and i said, we took about 10,000 pages out. we did take a lot of loopholes out. unfortunately, they gradually make their way in. charlie: lobbying in washington who camped out at the house ways and means committee. larry: we have a pretty good reform are now in the ways and means, kevin brady. there is a movement to get back to this. charlie: paul ryan didn't support simpson bowles. larry: he had issues with simpson bowles. a kem reaganp died. -- reagan guy. it was jfk who was the first -- most people know that reagan was a big tax cutter. what you didn't know was that jfk started it. there is a whole story of how that developed. charlie: what is the story?
larry: you are going to like the book when you read it. it is an easy read. republicans in his senior cap. -- senior cabinet. -- ceo of theo ford motor company. that is the point we have kind of lost. we don't do that anymore. charlie: no republicans from academia. larry: two businessmen and one from academia. there's no reason why we couldn't do that again. second point, kennedy took a risk. he said, if i don't get 5% growth, i am not going to be reelected in 1964. he started out with distinguished liberal academic economic advisers. paul samuelson, walter heller. they said, in 1961, let's spend
more. let's do infrastructure. it didn't work. kennedy is coming to the end of 61 and he is being criticized. some people are thinking there is going to be another recession. there were three recessions in the eisenhower years. he took a risk and then he gave his famous speech at the new york economics club in 1962 where he lay the whole story out. lower rates, better growth, full employment, high revenues. charlie: what do you think of secular stagnation? larry: i think it is a total fraud. larry summers is a friend of mine and i have a lot of respect for larry summers. charlie: basically arguing there is a sort of built-in -- larry: the american economy has grown since world war ii by 3.5% full-year -- 3.5% per year. for the entire 20th century,
including the depression, the american economy grew at 3.5% per year. there is this categorical imperative that we have to grow -- it needs reform but fair enough. charlie: reform the fed or what? larry: i would reform the fed. a strong dollar, that is what i asked for in monetary policy. we haven't in 20 years. it has been up, down, up, down. charlie: how is it today? larry: today, it is good. charlie: in the obama administration. larry: yes. there is not much left to go in terms of where you can stimulate economic growth. from monetary policy. you have to go to fiscal policy
which is where you are. that is where the differences,. your argument is that you have to reduce taxes. larry: reduce tax rates, rollback regulations. unleash the energy industry. meaning anything you do withrespect to energy respect to addressing global warming is that? -- is bad? larry: we can do could the fuels that we can do clean fossil fuels. charlie: fuel efficiency standards. larry: it depends where it goes. we have had this technological revolution and energy, fracking. predominately, is natural gas which is clean. that is where we should go. charlie: it has made us energy independent. larry: it has an unfortunately, mrs. clinton wants to do away with it.
she says by the time we do federal, state, and local regulations, there won't be any fracking. i think she is on the wrong track there. i would also go after health care. , think the obamacare system which will play out as single-payer government run if mrs. clinton wins, is wrong. going up,ms a services going down, the young people don't want the mandate, the numbers don't work. there is a financial death spiral going on. it will require massive bailouts. this whole thing needs to be put in the context of more choice, fewer regulations, lower taxes. i am not breaking news here. all and saying is, reagan used kennedy. i want to make one more point. it is a point in the book. what we need here to a compass these goals -- we are going to a
need -- we are going to need bipartisanship. reagan made deals, kennedy made deals. charlie: could she make deals? larry: perhaps. she is in a tough spot right now but that is a different subject. here -- johnmples f. kennedy and ronald reagan were civil people. they did not insult, they did not call you names. when they made arguments, they tried to persuade and they reached across the aisle to get the job done. kennedy had to fight democrats and republicans, reagan had to fight democrats. charlie: tip o'neill and all of them. opposed toill was the reagan tax cuts. reagan, through persuasion and civility and respect, got about
75 democratic votes in the 81 two passes bill against the -- bill againstss his the wishes of speaker o'neill. i am calling for civility in the national discussion. charlie: where you think you should go to make that call? larry: everywhere. charlie: i have the greatest believer in this. i disagree with you, i am not going to call you names. i am going to try to persuade you based on facts and history. charlie: based on facts and history, who has mounted the strongest onslaught against civility in this campaign? based on facts and history. larry: they have both done a terrible job, charlie. i know you want me to say trump. what i believe is they have been -- charlie: equally guilty in your own judgment?
larry: mr. trump has said things i cannot abide by. mrs. clinton has said things that can't be invited by. i don't want to have to pick and choose here. the discourse of this national election has been awful. i think it is really a trend and i don't know how to stop it but i don't like this trend. i don't think it benefits this country at all. i think we need new leaders who understand -- i did a couple of report for years and every night on cnbc, i had my friends from the democratic party but we conducted -- medieval went into the obama administration -- we conducted discussions. i didn't insult them, they didn't insult me. we tried to use facts and arguments with respect. but we are not seeing it on a national level. charlie: there is a story today about the freedom caucus. john boehner said this in an interview -- john boehner would
have been able to make a deal without restraints put on him by his own caucus. remember -- john boehner is a friend of mine. very good politician. remember also -- charlie: paul ryan will have the same challenge. in 2011, he had obama were very close to a deal. the president changed the revenue numbers at the last minute. charlie: that is exactly what john boehner said. the president differs. larry: a handshake should be a handshake. that is a bit missing from american politics today. what is the solution? people of good will who want to help the country just be civil and respectful and understand that you are not going to get 100% of what you want.
this was reagan's argument years and years ago. say, half a loaf now, half a loaf later. if you and i agree 70% of the time and we disagree 20% or 30% of the time, we are friends and not enemies. that is what our historical research -- we", would go back into the discussions. i think they are too remarkable politicians and they did a lot of good for this country. charlie: thank you for coming. -- "jfk and the reagan revolution, secret history of american prosperity." larry: i am an optimist. charlie: back in a moment. ♪
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now decide on your name. >> my name? >> yes elizabeth, your regular name. the name that you will take as queen. >> this complicates matters. my name is elizabeth. >> and -- then long-lived queen elizabeth. don't you get sick of it all? and lonely? >> i do. that is why it is so important to have the right person by your side. these are notand titles. >> she is the job. loving her, protecting her -- she is the essence of your duty. >> we have a new sovereign, young, and a woman. >> no sir, if you don't mind,
the crown takes precedence. >> you don't think i would prefer to have grown up out of the spotlight? out of this visibility? there is winston churchill and all that -- but you are the queen of england. >> this new elizabethan age comes at a time when mankind stands at the edge of catastrophe. wife or my queen? >> a strawman will be able to kneel to both. >> i don't think you can make an exception for me? >> no. >> what kind of marriage is this? what kind of family? >> i need to speak to my sister. now! >> i am aware that i'm surrounded by people that feel they can do the job better. strong people with powerful
characters. but for better or worse, the crown has landed on my head. >> i have seen 3 great monarchies brought down through their failure to use of rate personal indulgences -- to separate personal indulgences from duty. you must not make similar mistakes. the crown must win. must always win. charlie: [laughter] well done. greater,is as a claire foy,y, matt smith, and john lithgow. this looks interesting. how did this come about? charlie: you know what this is drawn from.
in my own life i wrote about religion between tony blair and gordon brown. -- the relationship between tony blair and gordon brown. the producers enjoyed it and said, could you do want about the queen? it was dull. it was awful. i added tony blair to it. something in the alchemy of prime minister and queen, of were,d and as it constitutional head of state, that is something that worked for me. and that then became the audience. the movie and then the play. i was so captivated between writing scenes between churchill and the young queen. charlie: every prime minister talks to the queen. stephen: it is a confessional. we we saw that on broadway. thank you very much.
[laughter] charlie: you got to have the best director you can find. [laughter] >> that is debatable. >> bottom of the pile. charlie: here, me! >> begging, on his knees. [laughter] >> we have known each other because the community in london is small. we all know one another. stephen and i were working for years to find something. it has grown that. -- grown out of that. charlie: the challenge is casting. >> yes. it was always going to be a task. we were pretty thorough. i think we went through just about most of claire's contemporaries. [laughter] meetings where i looked at the people we were going through and be like, she is interesting, she is interesting -- don't know her.
[laughter] i think we had been through about four or five levels of casting before i sat and listened to claire and said, she is wonderful. charlie: what made her wonderful? [indiscernible] [laughter] okay give me one. was it voice? >> according to complement you -- pardon to complement you in the room, we didn't know. there were all these other people that had been in this and that movie. just her suitability for the role just shone. i think it is about being both effortlessly beautiful and also both modest, and yet have a lot going on behind the eyes. charlie: she can do "no" very
well. [laughter] and you have to have prince philip, don't you? it began because of a presence? >> chemistry. between the two. claire: it was electric. [laughter] >> what are you doing, debasing this? actor's chemistry. charlie: before after they read? >> the minute they were in the room. i decided to make the producer's life difficult. [indiscernible] [laughter] it'sd to the producers, this fellow or nobody. charlie: and then you have to go
across the pond to find winston churchill. >> it was the casting director's idea. we did it on " the queen," chose james cromwell. i think it brings such a fresh perspective. reading,e john started he had his face in the text. there were about 100 other people in the room. charlie: what was your access into churchill? with: i had played fdr once bob hoskins as a historical reading. but when it came time to play the part, i plunged deep into research, read about him, and find out how little i had known.
mainly about the whole sweep of his life. i was so fascinated by his young childhood years, his teen years, his 20's and 30's, and they completely informed him as an old man. i play the part between the ages 73 and 80 years old. but i found him in his childhood. and of course the enormous -- did an enormous amount of processing around for audio. >> what did you do before you saw it? john: i have a great co-conspirator, a great dialect coach who helped me. but i will say he spent just as much time with the english actors. [laughter] claire: he had a message on to you. >> -- had a massive job to do. >> it was an entirely different language. if you are a dialect
evolutionist, you can chart the difference in vowel pronunciation. it is breathtaking between the queen is a young woman and prince harry now, how far the english language has come. going back to shakespeare's time, the reason so many of those words did not rhyme for us is because they were being pronounced differently. a upper-class person in shakespeare's time spoke like this-- >> has for churchill, he had extraordinary idiosyncrasies. a very very nasal voice, liked j ammed cotton up my nose. the problem is, for an american, every englishman imitates winston churchill. so you feel like you have a lot of competition. but at a certain point, you all about the site.
you are trying to capture something. what is it? stephen: we are trying to capture historical circumstances in a genetic situation. we do a huge amount of research. we talk about making sure we know what exactly happened for authenticity. charlie: so that the dialogue is not unreasonable. >> well-- [indiscernible] [laughter] ofrlie: you never said any this. >> it is an impersonation show. again, going back to voice, had we done the dialect they spoke thehe period, we may get rules to it, but you are not smoking in the -- you are not speaking in the extreme dialect. claire: there isn't that much. it doesn't really exist in that
period of time. what did you look at in those early years, assuming the queen chip? do you see the qualities that she has to date present -- has today present there? claire: it is tricky, isn't it? you are sort of desperate in a way. i don't know. i think she says herself that she has grown into the role, and that she never had a apprenticeship. she never had anyone to guide her apart from churchill. she was in at the deep end. [indiscernible] [laughter] yeah.i mean, [laughter] they were doing it together. trying to find their feet.
that is why the story is so interesting. two people trying to navigate with each other in a wider world . she has always been quite resilient. i think she has learned to do the job very well at the time. her as a person, i have absolutely no idea. charlie: you did not call her up. why don't you stop by for a chat? maybe you can give me a few pointers. she knew that at some point her father would die and that there were no male heirs. he had died so much quicker. although the first of all episodes are a story of his progressive illness, he guys at 856. -- at age 56.
this couple could have reasonably expected another 10 or 20. to have a normal life. they were in malta. there was the entire mediterranean fleet. they were enjoying the life of an ambitious young naval officer, who was trust rising through the ranks. -- fast rising through the ranks. and she was at the supermarket shopping with the other wives. charlie: different from many british monarchs. >> i don't think it will ever be repeated. >> i doubt it. charlie: she is at the highest level of popularity? >> she is. >> people keep saying that she is unelected. of course that is true. if there was a strong groundswell of objection and protest, one would feel it. if there were an election
tomorrow, she would win with a less like. -- with a landslide. [indiscernible] [laughter] >> that has always been the case. the film "the queen" explored deeply the lowest ebbs of her popularity. the 1990's were a terrible time for the royal family. and the history since diana's death, she has reached the age stable.r popular is so it came to a point where people thought it would be undignified. it would be healthy for that to the a renewed critical look at the monarchy. charlie: probably after she dies. how did churchill feel about her? did he feel paternal, namely a sense of responsibility --
mainly a sense of responsibility because he was the prime minister? >> he felt an overwhelming sense of responsibility. as in many areas, he thought he was the only one who could do the job. charlie: and that new vest. -- t hat he knew best. >> he was the only victorian left in the upper strata of politics. this was postwar britain. britain had technically won, but the country was absolutely devastated. the monarchy was on the bubble. for george the sixth to die so suddenly, to churchill it was important that the monarchy be saved. he himself is superannuated, he becomes prime minister way too old at age 75. his primary job is to make sure that the transition goes well. even though he did not have a
close relationship with elizabeth before his audiences with her, which is why the scenes are so charged and wonderful, he was enormously productive, kind of evil killer. he regards himself as her mentor. in the course of our 10 episodes, that job becomes .rrelevant charlie: i remember the quote clementine and his wife said "it must be a blessing in disguise." and churchill said "it is a hell of a disguised." [laughter] this is key with the relationship between elizabeth and prince philip. how do you define it? other than you have somebody who , he is the subject. that is the obvious. >> it is quite tempestuous. i think so.
but it is also charged with a quite profound sense of love and loyalty and respect. i think they are actually soulmates. i think the trauma of her father's death and her ascension to the crown would put pressure on any young couple. that is what makes it so interesting, is the contract, particularly -- the conflict, particularly for philip, being emasculated in his role. for her,now, his love his desire to be man of the house. charlie: very much a father to charles. claire: well, yeah. [indiscernible] [laughter] >> he tried. >> the three of us are just representing this huge cast of
fantastic actors. one of the fine performances is jared harris as george the sixth. there is an extraordinary sense in philip, when he senses that george the sixth may die, this may completely rob hi of his ownm identity as a young man. charlie: that his wife may become queen. >> right. this performance is really something. charlie: you are talking about? >> at the moment, matt. [laughter] charlie: talk about what you saw in him, other than the dilemma. >> there is this wonderful sense of rebellion about have. -- about him. there is a wonderful range in him physically that i love. he is terribly witty, funny, intelligent. and he is a sort of alien. charlie: terribly intelligent? >> i think so.
>> this is a guy that follows in the footsteps so often. they know nothing about him. that he makes headlines by putting his foot in it. it was really when i read a wonderful book about him as a young man, every page that you read, you have to go and lie down to process the enormity of what his family went trhough. he lost his grandfather, his mother, his problems and struggles -- anyway, his own childhood was so difficult and full of challenges. and yet he came out of this is a and r complex individual, into our most conservative and traditional family as it were. and here is somebody that nobody knows anything about. one of the privileges of writing
and reading this journal is for me to find out and put flesh on these bones. charlie: was there a moment when you sort of "got it" the queen? she tried on the crown obviously. good did it take her several years -- but did it take several years to become comfortable with her authority at such a young age? claire: i definitely don't think we got to that point in the series. >> is a click moment? i think there are several moments in the show where she plants her seed, and in tandem with churchill's resignation. he feels like he can resign, firstly because he was so well. -- so unwell. it was scandalous with all of his strokes. but also his public life was done, as a mentor and guardian
of the queen. charlie: this is a clip of queen elizabeth meeting and being lecture by winston churchill. here it is. >> do sit down prime minister. i ordered tea. or something stronger perhaps. >> oh dear. a sovereign never offers a prime minister refreshments, nor her chair. the president set by your great grandmother was to keep us standing live review counselors. privvy counselors. if there is one thing i learned in public service, there is no problem so complex nor chris's so great that it can't be satisfactorily resolved in 20 minutes. start?ll we make a charlie: well done sir. john: that's the first time i
have ever seen that. [laughter] charlie: so, who is that guy? wow, that was something. [indiscernible] >> that is reversed audience as queen -- her first audience as queen with winston churchill. charlie: this is? >> 1953. >> this is a scene from the audience. you can see a wellspring. charlie: for those that did not see it, it is the broad mr. come before the queen -- the prime minister coming before the queen. >> obviously the relationship between the queen and churchill by the end of the season is going different -- is quite different. charlie: does it feel kind of leveled? >> possibly. [laughter]
>> she is wonderful when she finally chastises me. boy is she good at that. charlie: i wish i could call a clip showing that. stephen, after you got your characters and script, what is the big challenge for you? stephen: there are different storylines and different strands. show in terms the of staging is that they tend to live in opulent houses. when they go out in public, it tends that a lot of people are watching them. and they have a big cost. needless to say the show require a certain amount of financial support. it is a fictional. -- e is a big show. when you go out on set, you feel a sense of scale to it. but we are blessed. as john was saying, we are
blessed with the most extraordinary ensemble of actors. it has been a total joy to work with such a great group of people. called.nina -- nina gold. charlie: she is skilled. >> and there are at least 10 characters that have an enormous weight on them. dilemmas, just the intensity of the high-stakes. in very different stories. charlie: boy, you've got everything we need here. if you can't make this interesting peter-- [laughter] peter: i could throw the fact that you. charlie: thank you all. it was a pleasure. congratulations to each of you. all: thank you. charlie: the election is right around the corner. >> very nice to talk about something you are so proud of,
mark: i am mark halperin. "with all due respect" to people making political predictions, you ain't got nothing on this guy. >> sure as god made green apples, someday the chicago cubs are going to be in the world series. that may be sooner than we think. ♪ oh, the days are flying by and taking forever. unless this race goes into extra innings we are just five news , cycles away from electing the next president of these united states. it was a busy day on the campaign trail.